Agilitas Energy has taken a significant step in advancing the energy transition with its recent acquisition of a 12.5-megawatt solar project in North Smithfield, Rhode Island. This fully permitted project aligns with Rhode Island's clean energy goals and is set to commence construction in 2025, with operations expected by the end of 2026. The project aims to provide approximately 16,000 megawatt-hours of clean electricity annually, benefiting over 2,500 homes, and will offer cost savings through the state's Net Metering Credit program. This strategic move not only supports local grid reliability and economic growth but also accelerates Rhode Island's pursuit of its 100% renewable electricity target by 2033, demonstrating Agilitas Energy’s commitment to enhancing resilient and sustainable energy infrastructure.
In other trading, Chandra Daya Investasi (IDX:CDIA) was a notable mover up 9.9% and ending trading at IDR1,830.00, at its 52-week high. At the same time, Albemarle (NYSE:ALB) softened, down 10.7% to end trading at $74.77.
Best Energy Transition Stocks
- Tesla (NasdaqGS:TSLA) closed at $325.59 up 3%.
- Chevron (NYSE:CVX) finished trading at $156.28 up 0.9%. A lawsuit was filed against Chevron three days ago, alleging negligence causing injuries from a refinery explosion.
- First Solar (NasdaqGS:FSLR) finished trading at $183.58 down 0.9%.
Taking Advantage
- Navigate through the entire inventory of 170 Energy Transition Stocks including WEG, Norsk Hydro and AGCO here.
- Want Some Alternatives? The end of cancer? These 25 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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